mukoh
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Charles, Don't see anything even close to what you said about Obama. Actually mailed in my ballot already. You know why he doesn't want to drill? Because what is the point of drilling for a resource that is price controlled by foreign entities …
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The DRILL NOW argument from the right I think is short sighted as of course they are trying to squeeze all the profits. I think if we actually stopped drilling. Concentrated fully on creating our own energy in a lot of ways, it would add jobs, taxes…
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LOL. $3k rolex watch. Hahahaha. Haven't people heard of Vacheron Constantine?
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I think a combination of different approaches is best, and it is the most viable way to create more jobs as well. PUD is testing 15 tide and current generators, which I think is a great resources. Wind power has proven to be a long lasting pro…
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If you think there is nobody making money off this crisis then you are delusional. Tell that to an asset holding that bought $35b of mortgages for $6.5b. With only 50% of those mortgages in some kind of hardship, thats not bad apples. Considering i…
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You gotta let Sniglet believe what he wants to believe. IMHO Banks in Japan were not as leveraged in RE as the banks are here. Look at typical $100k loan and take that down to $20k. That difference will evaporate out of banking and investments. S…
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DJ, There are deals that can be had in private sales just go knock on doors or hire someone to find you the right ones. I enjoy watching the new cap rates actually getting closer to reasonable. Don't buy unless its 10% though in my view, and keep L…
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Great vid and info.
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Sniglet, By the time you gain experience to make those statements of what to buy or not to buy you already lost. It is not THAT you are buying right now it is WHAT you are buying right now and for what purpose. Most of the real deals that I have…
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DJ, I am not suggesting that apartments are, but land which previously was at $40 Sq Ft+ is now at $23 Sq Ft on fire sales through banking relationships. People who have those are banking that land for 5-10 year term. And this is up and down I-5 co…
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K, Sniglet and RCC NM talking about family situation and bringing 3-4% of the market that is a temporary solution anyway. People can live in cars or with in-laws for so long. Its a fact of life not the economy. deejayoh wrote: Well, FWIW, my be…
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Sniglet, are people that are in foreclosure or losing their home just going to evaporate? They are going to RENT and for a long time. A family of 4 will not double up with another family of 4 in majority. There will be that 1-3% of the people tha…
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DJ, These are not builders that I was referring to, but holders of 10k+ rental units all along the coast. Me thinks for some reason they are able to gauge traffic/rent increases and demand throughout their properties owning that many and coordinatin…
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There is a pretty good shortage of good rentals, it hasn't slowed up at least from landlords perspectives in recent months. Will see what happens, there is however not a huge number of rentals being built either because of financing contstraints. T…
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HELOCs won't vanish in my opinion, the reductions that are seen are on case by case basis, based on value and ability to repay. I think it is a great step however and a smart one for banks to tighten.
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Charles, Amex Business credit ratings per business are based on tax returns which every business signs to allow Amex to receive every year directly from IRS. So they rate every business card holder on income, DnB scores, and a multitude of other op…
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It majorly has to do with the simplicity of framing a rectangle, as well as foundation consts are half of regular house.
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I am definitely not looking for this to stop the bleeding of this whole debacle. I agree that most banks will stash the money and not loosen their standards on lending for a long time. Which they should not do. Lending will however will resume flowi…
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Markor wrote: Sounds like rhetoric to me. I asked them to vote no on the bailout, but I expect them to support it. Plus now it's a "rescue" package and has 50% support of voters, after Wall Streeters successfully scared them. I wrote two gr…
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Renting it is cheaper. Go that route.
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Those homes in my opinion have a lot of character and great potential. Beware of risks with them though: Electrical has to be replaced if it hasn't already. Plumping has to be replaced if it hasn't already. Boost up the insulation to make it eff…
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Just like Paulson and Bernanke said this bill is good as it will restore liquidity to the banks who will get rid of the bad debt thus be able to resume lending as their deposits are locked until that debt is flushed away. People who are in the ma…
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The reason nobody at the executive corporate levels will be penalized for this is simple. Imaging Enron but multiply it by 200 institutions.
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sniglet wrote: cheapseats wrote: What would that do to the foreclosure/REO market if banks care significantly less? It will be very interesting to see what the government does if they wind up taking ownership of most defaulted loans (an…
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EconE wrote: East coaster.... I'm not saying that they aren't skimming 6% on high end transactions with no real skills, but before they are able to do so, they have to know someone first. It's usually through their parents. I grew up with so…
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The finish work looks somewhat good, the floor plans are a metrosexual idea of deco.
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Obviously the lending guidelines are tighter, however the regular vanila loans of few years ago are still plugging away at 3% down, 650+ score, documented income and assets. Seems to be no problems. Its all the people with No doc, no assets, no dow…
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Property taxes on land go up higher on things like city wide rezones, comprehensive plan changes that allow more dense use for the dirt.
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The main strip in Orting just past has a ton of Soundbuilt plats and they are huge, 200+ lot subdivisions.
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Robroy wrote: I think the ex-urbs are the the places that will be really be hammered. I'm thinking places like this: http://maps.google.com/maps?hl=en&ie=UT ... 19226&z=16 That is exactly the places that I think about when people …